"So Cleverly Kind an Animal", p. 267
Ever Since Darwin (1977)
“But, as soon as speculators become an important influence in the market, their business is to speculate on each others behaviour.”
Source: Contributions to Modern Economics (1978), Chapter 5, The Rate of Interest, p. 46
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Joan Robinson 46
English economist 1903–1983Related quotes

Source: The Limits To Capital (2006 VERSO Edition), Chapter 11, Theory Of Rent, p. 369

“The evil influence of the supposed inconsistency of theory and practice upon speculative science”
"On the Harmony of Theory and Practice in Mechanics" (Jan. 3, 1856)
Context: The evil influence of the supposed inconsistency of theory and practice upon speculative science, although much less conspicuous than it was in the ancient and middle ages, is still occasionally to be traced. This it is which opposes the mutual communication of ideas between men of science and men of practice, and which leads scientific men sometimes to employ, on problems that can only be regarded as ingenious mathematical exercises, much time and mental exertion that would be better bestowed on questions having some connection with the arts, and sometimes to state the results of really important investigations on practical subjects in a form too abstruse for ordinary use; so that the benefit which might be derived from their application is for years lost to the public; and valuable practical principles which might have been anticipated by reasoning, are left to be discovered by slow and costly experience.<!--pp. 175

A Preliminary Discourse on the Study of Natural Philosophy (1831)
Context: To ascend to the origin of things and speculate on the creation, is not the business of the natural philosopher. An humbler field is sufficient for him in the endeavor to discover, as far as our faculties will permit; what are these primary qualities impressed on matter, and to discover the spirit of the laws of nature

La vie d'un homme occupé à manger sa fortune devient souvent une spéculation; il place ses capitaux en amis, en plaisirs, en protecteurs, en connaissances.
The Wild Ass’s Skin (1831), Part II: A Woman Without a Heart

“Primitivism has become the vulgar cliche of much modern art and speculation.”
Source: 1960s, The Gutenberg Galaxy (1962), p. 77

Source: An imitation of life (1950), p. 43 as cited in: Owen Holland (2003) " The first biologically inspired robots http://robotics.cs.tamu.edu/dshell/cs689/papers/holland02first.pdf"

James Meade (1951), The theory of international economic policy, Vol. 1, p. 224; as cited in: Peter B. Kenen (1994), Exchange Rates and the Monetary System, p. 74

“The speculator is not an investor.”
Source: Reminiscences of a Stock Operator (1923), Chapter X, p. 114